Question 1

What is RealTract (RET)?

Accepted Answer

RealTract (RET) is a blockchain project that aims to enhance the performance and scalability of smart contracts. It operates on the Ethereum platform, utilising its infrastructure to support its native RET tokens. The project is designed to provide advanced smart contract capabilities, termed as Smartcontract 2.0, on a Blockchain 4.0 framework. This aims to achieve higher transaction speeds and improved security through multi-layer chain architecture and double consensus algorithms​.

Question 2

What is RealTract (RET) used for?

Accepted Answer

RealTract (RET) serves multiple functions within its ecosystem. RET tokens are used to pay for transaction fees on the RealTract network. Validators and other network participants are rewarded with RET tokens for their contributions. Additionally, RET tokens facilitate the creation and execution of smart contracts on the RealTract platform, enabling more complex and efficient transactions.

Question 3

Who created RealTract (RET)?

Accepted Answer

RealTract (RET) was developed by a team of blockchain experts, including co-founder Vitally Marinchenko and core developer Alejandroj Bettini.

***Although 'RET' was the ticker assigned at the deployment of the RealTract Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'REALTRACT' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.***